We provide new empirical evidence regarding the magnitude and the determinants of a firm's costs required to fill a vacancy. The average costs required to fill a vacancy for a skilled worker in Switzerland amount to about 16 weeks of wage payments. The main components of the vacancy costs are...

The paper presents part of the overall United Nations Environment Programme Mediterranean work on the Implications of Future Climatic Changes for the Mediterranean Coastal Region. Most of this was published in Climatic Changes and the Mediterranean; Environmental and societal impacts of climatic...

Tourism is very sensitive to events that could trouble what is normal from a natural, economic, political and social point of view in the tourists’ countries, in the countries they visit, and in the countries of transit. Consequently, the economic crises, the military, social or ethnical...

This paper examines 'fat tails puzzle' in the financial markets. Ignoring the rate of convergence in Central Limit Theorem (CLT) provides the 'fat tail' uncertainty. In this paper, we provide a review of the empirical results obtained 'fat tails puzzle' using innovative method of Yuri Gabovich...

Purpose: The purpose of this paper is to identify risk factors that caused by customer collaboration in new product development systematically, and propose an approach to judge which risk factors are critical and catch substantial attention. Design/methodology/approach: This study identifies...

Model risk as part of the operational risk is a serious problem for financial institutions. As the pricing of derivatives as well as the computation of the market or credit risk of an institution depend on statistical models the application of a wrong model can lead to a serious over- or...

The study provides solutions for the scientific task related to the improvement of theoretical and development of methodological and applied principles, and the identification and evaluation of risks and threats as factors of anti-crisis management of the enterprises. Based on the developed...

Operational risk is defined as the potential losses resulting from events caused by inadequate or failed processes, people, equipment, and systems or from external events. One of the most important challenges for the management of the company is to improve its results through its operational...

We analyze around 200 different financial time series, i.e. components of Dow Jones, Nasdaq, FTSE and Nikkei with seven different VaR approaches. We differentiate our analysis according to characteristics that can be observed. Our analysis shows that in high risk situations in which the time...

Local abandonment of agricultural land in less favoured areas is a serious issue as well as for farmers as for governments. In this article we analyze in the case of two cadastral municipalities in Upper Austria, which socioeconomic and biophysical factors enhance the retreat of agricultural...